There have been all kinds of optimistic crypto predictions these days, and the momentum is still here. Bitcoin is still trading above $60k, and crypto titan Pantera Capital just dropped the next BTC target.
New BTC predictions are out
CEO of the VC firm Dan Morehead spotlighted Pantera’s prediction on Twitter, and he observed that the current Bitcoin rally is following the trend set by previous Bitcoin halvings quite closely.
This is getting ridiculous. A year ago we predicted Bitcoin hitting $62,968 this week. It just did.
This Bitcoin rally is EXACTLY like previous halvings. Likely to reach $115k by August.
— Dan Morehead (@dan_pantera) April 13, 2021
The online publication the Daily Hodl notes that Pantera’s estimates are based on the stock-to-flow ratio, which takes into account the total number of Bitcoin in circulation relative to what is being mined.
In addition to projecting that Bitcoin will reach $115,212 by August, Pantera also predicted that “BTC will hit $74,474 by May 15th, $88,576 by June 15th and $104,761 by July 15th.”
Someone commented: “If it’s your first cycle, you might think that your dumbest friends entering crypto is a top signal. Actually, OGs know that your dumbest friends will outperform you by 10x. Then they’ll buy your coins while you buy theirs (bc they’ll do research while you fomo), then win again.”
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $61,564.93.
Bitcoin adoption explodes
Bitcoin and crypto adoption has been one of the main goals that the crypto industry has set. There have been a lot of moves made in this direction, and they continue.
Now, it’s been just reported that the insurance giant AXA Switzerland now allows customers to pay premiums in bitcoin.
The news was announced on Thursday, and AXA Switzerland said the BTC payment option is available for all its non-life products. Life insurance products do not support the option for “regulatory reasons.”